Core Insights - Ormat Technologies, Inc. has signed a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. to support its energy storage projects [1][2] - The partnership includes the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve Commercial Operation Date (COD) by the end of 2025 [1][2] - The CEO of Ormat emphasized the importance of this partnership in optimizing project economics and supporting long-term growth, aiming to monetize $160 million in tax benefits this year [2] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over six decades of experience [3] - The company is vertically integrated, involved in the entire process from design to operation of geothermal and recovered energy generation (REG) power plants [3] - Ormat's total generating portfolio is 1,538MW, which includes 1,248MW from geothermal and solar generation and a 290MW energy storage portfolio located in the U.S. [3]